#FuturesTrades October 24th Tuesday 2006 Trade Log
#FuturesTrades is a private and free realtime trading posting chat room on the IRC Othernet server that allows traders from all over the world to communicate.
Click here for the instructions on gaining access to #FuturesTrades.
In addition, trades posted by members of #FuturesTrades in the below trade post chat log are by traders that do not have access to TheStrategyLab.com strategies except for NihabaAshi.
Fee-based clients of TheStrategyLab.com strategies use the private IRC rooms called #TheStrategyLab and #SwingTradingTSL.
Further, you'll find below the chat room time stamped text log of realtime trades (real money and simulator) that were posted by full-time, part-time traders from around the world and the timestamp is eastern standard time (est).
Also, below NihabaAshi's trading blog like comments, you can read the time stamped trades (prices, entries, exits et cetera) and market discussions that sometimes contains trading tips or insights that are more useful than what you will see at any other futures blog or chat room.
Trading Blog Below is not your traditional trader's blog in the usual blog format. However, you will find informative commentary on a few occasions as time permits and such will contain trading tips that should help your trading as I attempt to sum up my thoughts as I traversed from the first trade to the last trade that was posted in #FuturesTrades realtime trade posting chat room.
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ER2 EuroFX EC +9.40 +0.0000 $940.00 $0.00 Trading Perspective
Today the FED begin their two day meeting that will conclude in a FOMC Announcement around 2:15pm est tomorrow.
Although it was a range day as most position traders tried establishing some positions today...the range was deep enough to produce profits for both Shorts and Longs today...as long as both sides were patient.
I myself lost my patience and it was costly in that I wasn't able to ride my remainder in the last trade into the profit target I had planned for it.
We have a new #FuturesTrades member and he's not a fee-based client of the trading reports. Thus, it will be interesting to see his perspective of the market along with finding out what type of method he uses to trade his markets.
Also, he's one of the first member to replace several other members that I've banned for trying to mimic / copy / replicate trades that were being posted in #FuturesTrades free chat room. In fact, from this day going forward...members will be seeing more messages posts by me at the forum, within the free chat room, on Skype and in email conversations that TheStrategyLab does not allow the free chat room to be used as a signal calling trade alert room and its never been advertised as such.
In fact, I've been banning traders I suspect have been violating this policy since the birth of the free chat room but the problem is that I've not been outspoken about it because I didn't have a sure way to catch these traders trying to mimic / copy member's trades or my own trades being posted in the free chat room. Until then, please remember that TheStrategyLab does not offer two popular services...signal calling trade alert rooms and mentoring (coaching) services.
Do not try to use our free chat room or the trading reports as a substitute for signal calling trade alerts or mentoring (coaching). In fact, many users of the free chat room are using mentoring services elsewhere and you're welcome to ask them for recommendations of a mentoring service...do not ask us to recommend a mentor. In fact, from this day going forward,
I will be sending private messages to all new members, current members and any one that request access to my free chat room about our new terms of use policy @ http://www.thestrategylab.com/House-Rules.htm to ensure there's no misunderstanding about the purpose of our free chat room (its there for you to document your own trades and thoughts about the price action as you traverse from one trade to the next trade).
I'm ok with the bans for those that violate this policy even though it will obviously lower our membership because the goal of the free chat room is not quantity...its to be around like minded traders that are documenting their learning / application of WRB Analysis regardless if you're using other trade methods with WRB Analysis.
With that said, as shown in the trade posting log below...I was mainly small size on the Shorts today and doing some size on the Longs.
With that said, I failed today in my trade management on two profitable trades via allowing the market to take back some of my profits due to my mishandling of the trailing stops in my remainders...see trade posting logs below.
There's an easy solution for that and I didn't execute the trading plan for such.
Today's results (real money and simulator trading) shown above are that of NihabaAshi only. To see his total accumulated points for the month of October...click here. To see results for the months of 2006 and prior years...click here.
Commentary by M.A. Perry (a.k.a. NihabaAshi)
intradaystrategies@yahoo.comNote: Each month there are a few trading days that we consider to involve interconnecting key price action of different markets and such is represented by a particular type of price action from one of the key markets. You can view the charts and their clues that's associated with the key price action at our key market archives.
Session Start: Tue Oct 24 09:29:20 2006Session Ident: #futurestrades * Now 09:29 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <eminitrader> intresting comments from another room --[09:26] <RickAce> Unsolved Mysteries [09:26] <RickAce> 1:16 p.m.: Jeffrey Saut, chief investment strategist at Raymond James, finds something very fishy about the Dow's record-setting run. [09:26] <RickAce> In his weekly Web-site commentary, Mr. Saut notes that the Dow, defying precedent, has risen steadily from its bottom in July with hardly a correction. Most suspiciously, whenever a correction has seemed imminent in recent months, he says, "mysterious buyers materialized in the futures markets," forcing a higher opening and resulting in big days for the Dow. [09:26] <RickAce> He cites Robert McHugh of Technicalindicatorindex.com, who points out that 1155 points of the Dow's 1200-point run since July (excluding today's rally) have been gained in just nine big days of trading: July 19, 24 and 28; August 15 and 16; September 12 and 26; and October 4 and 12. "[O]n ALL of those nine trading days, according to our notes...the aforementioned 'mysterious' futures buyers were at work," Mr. 09:30 09:26] <RickAce> In his commentary today, he notes that futures buyers again seemed to step in this morning, followed by another 100-point Dow rally. He also vows he is not a conspiracy theorist -- he believes Lee Harvey Oswald acted alone, for example, and that Tom Cruise and Katie Holmes really did have that baby. But he says the "mysterious" futures-market action has him and many floor traders "mysteriously cautious," afraid [09:26] <RickAce> an "overbought" market. [09:26] <RickAce> But he still believes the end of the Dow's run could come with the end of the fiscal year on Oct. 31, when money managers have no more need to pretty up their portfolios by buying blue chips that have enjoyed solid gains since July. Or perhaps the end could come after the election, he suggests, if those "mysterious" futures-market buyers are politically motivated. interesing read :) 09:31 <les> well i'm like him too.. ELVIS LIVES ON MARS <eminitrader> lol 09:32 <szubaark> yeah whats new <les> whats new szu... is that no-one knows its only temporary accomodation <eminitrader> new day :)) <ItalianSharp> anyone using eSignal here? I am not getting YM datafeed...anyone experiencing the same problem? 09:33 <Chilly> ok here IS 09:34 <les> ym ok here <PapaJon> ok here too IS <les> suggest u reload the page IS, often corrects stuff like that <ItalianSharp> thanks fellas...dont know what's wrong with me then...i am getting all other eminis just fine 09:35 les, already tried, but nothing happens...i am getting the yellow table saying Not Ent. <les> u tried complete relaod? 09:36 <eminitrader> try a reboot IS...may help <les> yeah reboot system as last resort <ItalianSharp> yep, trying right now <les> the other thing to do... <NihabaAshi> Long ER2 @ 764.60 -> small size 09:37 <les> is give a stern comment, like <asuni> gm all <les> "no candy for another week if u go on like that" <PapaJon> lol <NihabaAshi> Exited 1/3 ER2 Long @ 765.20 --> + 0.6 09:38 <ItalianSharp> nothing fellas...looks like it's an account problem to me...let me check whether i am subscribed to CBOT...i think i am since i've been getting YM datafeed up to yesterday... <NihabaAshi> Exited 1/3 ER2 Long @ 766.30 --> + 1.7 Trading Edge: Trading Strategies -> These strategies will reveal and explain specific strategies from entry to exit that exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments: Emini Index Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI) <eminitrader> nice entry , nice start niha 09:40 <szubaark> Buys NQ @ 1735.25 «« paper »» <pdays> Shorts ER2 @ 766.4 09:41 <eminitrader> Shorts ES @ 1381.25 09:42 <yo> gm all <pdays> Covered all ER2 Short @ 765.7 --> + 0.7 09:43 <eminitrader> Covered 1/3 ES Short @ 1380.25 --> + 1 09:46 <ItalianSharp> one stupid question: do you guys pay $53 per month to get YM and CBOT futures? i am checking my account right now and I am not subscribed to CBOT yet up until yesterday i had been getting YM datafeed... <eminitrader> Covered Remainder ES Short @ 1381.25 --> 0 <szubaark> Italian with IB i dont pay squat 09:47 <WannaBeBOS> IS, i paid that much when i got CBOT quotes with esignal 09:48 <ItalianSharp> I am referring to eSignal users <les> i have the std version of esig <ItalianSharp> If I want to have YM datafeed I have to pay more than CME monthly fee? <les> exchange prices are all-in as far as i know 09:49 <ItalianSharp> i am gonna have a chat with a rep...i think i am getting ripped here... <szubaark> Exited all Long NQ at 1737.25 --> + 2 «« paper »» 09:50 <WannaBeBOS> IS, yes, you have to pay a $25/mo "service charge" in order to get futures charts in adition to exchange fees <eminitrader> Shorts ES @ 1382.75 <ItalianSharp> WB, i am paying a lot of money every month and until yesterday everything was fine...today for some unknown reason my YM feed has been cut... 09:51 <WannaBeBOS> hm. have you called them? 09:52 maybe its technical problems <ItalianSharp> i am about to chat live with one of their reps 09:53 <WannaBeBOS> if you call, its always your fault, not theirs. <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 09:55 <eminitrader> Covered 1/2 ES Short @ 1381.25 --> + 1.5 10:00 <szubaark> nice emini.. you working that downtrendline? 10:01 it looks clearer on NQ <eminitrader> yep szu...just waiting for nq to break supp 1733 <jperl> NQ at VWAP 1734.55 10:02 ER2 at VWAP 766.49 10:03 <eminitrader> nq ...supp coming in at this level :( 10:05 <szubaark> 1731 looks Solid support <eminitrader> yes szu upto 73 33 i mean 10:06 Covered Remainder ES Short @ 1380.75 --> + 2 10:10 <NihabaAshi> May get shaken out of my Long remainder :( 10:11 <eminitrader> got shook out my short :( 10:14 <NihabaAshi> Exited Remainder ER2 Long @ 765.20 --> + 0.6 10:15 :( <ItalianSharp> les, are you subscribed to eSignal? 10:16 <les> yes <ItalianSharp> do you have 1 min to spare? <les> not right now... in middle of a pm 10:17 will contact u when finished <ItalianSharp> ok thanx <NihabaAshi> Long ER2 @ 766.10 -> small size 10:21 ER2 volatility is dropping...two more intervals like this and I'll be expecting a volatility spike. 10:25 Exited 1/3 ER2 Long @ 767.00 --> + 0.9 10:27 Exited Remainder ER2 Long @ 766.30 --> + 0.2 10:31 My remainders have been easy pickings so far today. 10:33 <les> Long ER2 @ 764.3 10:48 Exited 1/2 ER2 Long @ 764.8 --> + 0.5 10:49 <szubaark> Buys NQ @ 1727.50 «« paper »» <les> exit stop raised ER2 @ 764.2 10:56 <szubaark> higher low here would be nice <les> exit stop raised ER2 @ 764.4 10:58 exit stop raised ER2 @ 764.9 11:00 <ItalianSharp> very tight price action...15mins up, 15mins down...hard to catch a mini-trend today...only the open offered some small opportunities to make some dough 11:02 <les> also known as .. 11:03 "slow n painful" Trailing Stop Hit ER2 @ 764.9 --> + 0.6 11:04 <szubaark> nice les <ItalianSharp> yeah...i wouldnt be surprised if it goes on like this for the whole day...typical pre-FOMC days in which nobody dares take a clear direction... <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) <szubaark> i forgot its FOMC meeting day :( they keeping this tight cant even move trailing Stop :( 11:08 exit stop moved to breakeven NQ @ 1727.50 «« paper »» 11:21 got the spike i needed <jperl> Done for the morning-----trades here.... 11:22 http://charts.dacharts.com/2006-10-24/JP ERL_015.png <szubaark> Exited all Long NQ at 1727.50 --> 0 «« paper »» Sponsor: jp i see u did some SIZE on 4 contracts 11:24 <jperl> Yes that was a reversal Whenever I reverse, I usually increase position size 11:25 * les is now known as lesAway 11:51 <yvberj> Good Morning everyone. I've just joined the group and will sit on the sidelines for the day to get a feel of how you handle thing here. Hope it's been a good day, even though it's a fairly narrow range so far. I trade primarily the ES. 11:54 <Chilly> welcome yvberj :) 11:58 <NihabaAshi> Hi yvberj...glad you finally made it :) <yvberj> Thanks. You're right I really had to work for this one. 11:59 <NihabaAshi> :) <asuni> hi yvberj, happy to know u :-) <NihabaAshi> Sorry about that...its only done that way to discourage the Spammers. I get about 15 spam emails per day by "so called" traders wanting to join... 12:00 The questionairre process weeds them out :) <yvberj> That's fine with me. I prefer it that way. <NihabaAshi> Some of them are ET trouble makers looking for a new place to vent. 12:01 <yvberj> Now that I finally got in. I've got to run out for awhile. Be back around 1:30. See you then. <NihabaAshi> Take care. 12:05 <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 12:16 <szubaark> hi yvberl.. 12:27 how long uve been trading? <NihabaAshi> Shorts ER2 @ 763.70 -> small size 12:52 That's an Open order fill...should have canceled it a long time ago :( 12:53 Trade Error big time... Will dump it. Lucky trade so far too :) Covered 1/2 ER2 Short @ 763.30 --> + 0.4 12:54 Holding 1 contract to see if I can milk this trade error for a decent profit. Covered Remainder ER2 Short @ 763.40 --> + 0.3 12:56 Shorts ER2 @ 762.70 -> small size 12:57 1 contract only...high risk trade. <PapaJon> hmmf.. wonder what caused this drop? 13:04 <codehead> nerves prolly--fed in an hour 13:05 <NihabaAshi> :( I'm trying to get out of this "intuition trade"...not going as planned. 13:06 ER2 volatility dropping...expecting a volatility spike. 13:07 Covered ER2 Short @ 763.40 --> - 0.7 13:11 Reverse and Enter Long ER2 @ 763.40 3 contract Long position Long ER2 @ 763.30 -> Add 13:20 At a large position total Exited 2/3 ER2 Long @ 763.70 --> + 0.4 13:23 ER2 should have retested 764.30 by now :( 13:24 Volatility declining again...expecting another volatility spike. 13:25 <codehead> fed gettign too close prolly 13:27 <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 13:28 <NihabaAshi> :( 13:29 <Chilly> think fed is tomorrow at 2:15 <NihabaAshi> Yes <codehead> oh, was i looking at wrong date? oh, was looking at a calendar for next few days that had nothing for today--looked at the first day listed 13:30 <NihabaAshi> Exited ER2 Long @ 764.30 --> + 0.9 Holding 1 contract remainder I'll call it a day @ 765.10 13:38 At that price...ER2 would have retraced the two dark WRB's that formed after 1245pm est 13:39 <yo> on the 2 13:41 2min? <lesAway> Shorts ER2 @ 764 13:42 * lesAway is now known as les <NihabaAshi> yo...yes 13:43 <yo> thnx 13:44 <NihabaAshi> Long ER2 @ 763.70 -> Add 13:49 1 contract only...total 2 contracts. Exited 1/2 ER2 Long @ 764.30 --> + 0.6 13:51 Holding 1 contract remainder I've lost my patience...looks like I'm done for the day. 13:54 Can't trade properly without any patience. <codehead> i'm done--got 16 ticks my first Ym trade today, then 15 more on 18 more trades :-/ <NihabaAshi> Exited Remainder ER2 Long @ 763.70 --> + 0.3 13:55 <codehead> partially cuz i was hedging for what i thot was fed day <NihabaAshi> I'm done for the day too. * NihabaAshi is now known as NihabaAshi_away 14:02 <les> Covered all ER2 Short @ 765.7 --> - 1.7 14:15 sorry late Shorts ER2 @ 764.7 14:16 this better work last trade today probably and want the money back :) 14:17 also... alst trade for about 3 weeks last off on hol to Cape Town tomorrow would be nice to end on a winner 14:18 <Chilly> enjoy yourself Les and safe travels 14:19 <les> thx <codehead> have fun les 14:21 <les> i will flight's long tho 14:22 1.75 hrs 11.75 <codehead> oic--where are you? <les> england <codehead> ah mom's side of the family <les> is overnight thats the killer <Chilly> my buddy just moved to JoBerg ... he sells toothpaste 14:23 <les> poor bastid <codehead> lol <les> horrible place <Chilly> guess I should turn down the offer to visit ... says he has a pool 14:24 <les> hehe no its worth a visist definitely lots o stuff around there esp game parks 14:25 <Chilly> also says he's near the game parks ok <les> Covered all ER2 Short @ 765.6 --> - 0.9 14:26 nutso thats alousy sendoff cu guys 14:32 <yvberj> Went out came back & looks like I haven't missed very much. "Scubaark" To answer your earlier question. I've been trading over 20 yrs. The last 4 yrs. full time. 14:37 <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 14:40 <substanz> do you trade e-minis yvberj ? 14:41 <yvberj> Yes I trade ES although I'm seeing a lot of ER trading here. May start doing that too. 14:45 I do also trade some equities, but that wouldn't be for this chat room. 14:46 3 14:58 Error sorry <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 15:52 * DisconnectedSession Close: Tue Oct 24 16:45:46 2006 16:45 Sponsor:
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